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Updated almost 7 years ago,

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Charlie MacPherson
  • China, ME
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State of the Market - Suffolk County (Boston) MA

Charlie MacPherson
  • China, ME
Posted

The Q4 2017 numbers are out and they confirm what a lot of us already knew.  The Boston market is still a WILD seller's market and there is still a severe shortage of inventory.

If you have a property that you're considering selling, this looks like a GREAT time to do it.

Here are the highlights:

  • Average sales price across all properties is up 23.7% over 1 year ago.
  • The number of homes for sale is down an astonishing 42.2%.
  • The number of "months supply" is a breathtaking 0.9 months. 
    (0-6 months is a seller's market.  6-7 months is at equilibrium, 7 months+ is a buyer's market)
  • Average Days on Market is 41 days, down 6.6%. That's pretty impressive, considering that most lenders need 30-45 days from P&S to close - and DOM is calculated from listing date to close date!

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